Bitcoin Forum

I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.

Day trading is not for newcomers for sure. If you want to have good and understandable trade just buy the dip for the projects you trust fundamentally. Most longterm holders win vs day traders. It's statistics.

There is no real strategy on it, depends on the situation you are in. These two Trading platforms are good but needs full verification to access trading Bittrex,Binance. To study analyzing currencies pick the trusworthy signals that really help you out.

Yes, that is correct. As a new to crypto markets, first you need to understand this more dynamic market how it works and slowly you can move on to faster profits like day trading. So it is good to buy good altcoins and hold them to sell at profits. Even for experts, it is not so easy thing to predict the prices on a daily basis.

you are in right place mate.  Use the search bar of this forum to seek some information and strategy how to do trading and to avoid loses and for sure there are some thread here in forum related on your question which is advises to those who want to enter in trading. Maybe it can help.  

You can observe the market and sell it as it goes up to the top and buys again after the price has dumped. Can help you increase the amount of coin ownership, but this decision is risky, instead of dump it continues to pump.

Yes, if you want to lose money in this bear market just do day trading! Came on, if you are a little bit smart, you wouldn't be doing smart trading at the moment, and less during those days, when everything is going down, you can lose money more easily with this market.

I will tell you from my experience. Don't get greedy, if you are able to predict correctly the price movement for few coins correctly, then don't start to bet big or trade an All-In. It might work, but you can lose to one day. Also, if you do a bad trade, then take a break of few hours or a day and don't just keep on trying to earn that money back. You will lose more. Rest all, is Technical analysis and experience that you will gain by day trading, and that is something you got to learn by your own experience. Good luck with day trading!

Best day trading strategy : Not doing day trading.

Anyone who has experience in this field knows day trading is stupid and will never make you gain as much as holding

Last week is my first time dealing with trading and it is fun because I already know how to process the buy and sell in yobit.net site. I can't tell much about the strategies in trading because I just started last week. Based on what I read on other's advice here on forum, trading is good methods that can double your money in just a day. Reading an article about trading will also help a lot because lack of knowledge will lead to losing of money.

"Fun" " yobit" , it will be less fun the day you lose all your savings playing day trading on the worst exchanges

It should not be trading day because I think it is very risky especially for beginners. Try to buy altcoin at the lowest price and be prepared to hold it until the price is close to the moon. Because holding will always be a good profit.

I just prefer to use my own strategy, it is much more profitable for me since i do not have to stay all day long trying to catch up some strategies to make more "money". This is the way that i prefer to trade, and it is more confortable.

I don't think there is any specific strategies for it. But from what I have learnt so far; it could be quite handy for noobs whom are just starting out. My advice is to start with the normal simple traditional trading. This also does not have any specific strategies or secret to start out. All you have to do is to buy your coins when they are dip and hold them to sell when the price pumps. Probably by when you have learn enough at the processes, you will gradually move or migrate to day trading.

Actually stragedies only works with long-term trading like holding or week-trading . Day-trading is too short to fit any stragedy in it.

Cryptocurrency day trading is one of the best strategy to gain profit but also the best way to lose your money so if you don't have any experience in trading it is better to not use this strategy. I sometimes do day trade, there are times that my trades successfully reached my target profit but there are also times that I loss and when day trading I don't like cutting my losses so I end up getting stuck waiting for the next pump. The better strategy is buy a coin when the price decreased significantly but it is still depends on what strategy works best for you, if you are comfortable with day trading then it is good.

The best strategy to start trading is that you should know the growth bitcoin price. Trading in bitcoin is different from other trading, like forex and another place, that's what I feel. Fundamental analysis is great to use for trading in bitcoins, because the average growth of bitcoin prices is strongly be affected by some information. Well, if you are a newcomer, it is better to learn it first. Look the lates information about cryptocurrency and also look bitcoin price day to day.

Trading bitcoin is almost no different from forex. the only thing that distinguishes is the bitcoin without the set company. bitcoin refers to news instead of all stocks or bonds. and the price every day is quite fluctuative. in forex down $ 1000 in 1 days it's a thing that makes thinking what's going on in the market. but in bitcoin it's a regular thing. so my suggestion is better try with good capital and learn bitcoin trading habit. it will feel different and you will know how best you are in trading.

For a newbie, you will end up losing almost all that you have before you even know it. The best is to learn some indicators that can help you with trend following, either long term or short term and gradually and consistently keep getting profit on whatever you have. At least, with that, you will not end up getting too emotional, you will have a strategy and then stick to it. I will advise you learn the use of MAs, MACD, PARABOLIC SAR and RSI for trend following pattern.

You mentioned that you learned about day trading on YouTube videos, don't trust any of them most of them are fake and doing for the purpose of earning by more views.

If you want to earn in day trading don't wait for the big trades to come to you do more trades as much as you can whether there is small or big trades because lots of drops is combined together to become an ocean.But for making profits from day trading  you need good capital amount,day trading is not possible with minimum investment.

Mistakes will teach you more about trading,Good luck bro.

You are still new on cryptocurrency but you want to make decent profit in short time? Just how greedy you are.
Make sure you already understand what would be happen on market.

It’s nothing like that. A new comer could be wolf of Wall Street and you never know what kind of enthusiast he is. I think they should start learning the day trades by jumping into it. If they don’t jump in then there is no proper learning. I do understand that people start with some books or videos but with own experience there is no fun. YouTube is really great place to start and even some steemit bloggers are making it real easy for you to learn new ways of day trading. Surf some sites and videos on daily basis and you will see yourself on board soon.

For me as a trader, I have some tips for a day trader. The important thing when buying a currency is to look first at the volume of the coin. Make sure that the volume of a coin is high, its mean that the trading movement is so fast. You can try it.

In essence every person who wants to do trading then must have experience, because experience will affect the things we will get. With experience we can take various decisions appropriately.

Make sure that we have good knowledge to be able to analyze. Trading is not a thing to rely on luck. Trading is highly dependent on the actions we take and also the market conditions at that time. So a trader must really ask to see the situation, without it then traders can not benefit and will only lose. please make sure that a trader must have it.

Not doing day trading. It is very risky especially for beginners. Try to buy altcoin at the lowest price and be prepared to hold it for a long time.

In my opinion, the strategies are very necessary in trading, but before that It is very important to learn the market and know the future expectations for different currencies, especially when you are a beginner in this field.

On the other hand, the start in this field can be difficult and particularly when there are financial losses. In fact, every experience will teach you how to behave, whether unsuccessful or successful.

Otherwise, the right decisions are essential to success in trade and in addition to not rush to sell or buy. for example when you  buy a large value of a currency and after you have waited a period of time your profits will be large.  So patience is the key to success in trading.

If you are a complete newbie then it wont really be simple as it sounds since day trading is the most stressful kind way of trading because you do actively need to see price movements from time to time and as a newbie without having much knowledge will really struggle and in result on loss of money. Reading up basic is recommended and as you ask about candlesticks,chart analysis can really be also found on youtube,lots of guides there can be seen.

The best day trading strategy? Don't day trade at all. It's not really worth it because you will rarely find yourself consistently pulling off profitable trades and even if you do it will eat up your soul. The amount of stress you will be subject to (if dealing with large amounts of money) is not worth the monetary gain, if any. You can always flip a coin for a 24h position but that shouldn't be considered day trading in my opinion. In these markets you can get rekt one way or another (getting dumped on, buying into hype, selling too early etc.).

You don't need to learn technically those chart terms and analysis. You will learned it on the way. Basic is enough including learning the interface of your preferred trading site. Charting + Technical analysis no matter how good it is are useless and when volume breaks up especially on day trades. Market manipulation can destroy fearless analysis.  Day trades are more risky so for the meantime since you are new, refrain from doing it and instead try to study on how to do long term trades or should I say, buy + hold + sell + then repeat.

The goal is to; buy low and sell high but don't take that's as an easy thing to do. What you need to do is to find recipes on how will you achieved that goal. So yes, it's a must that after learning some basics, you need to do an actual trade and test it out. Find your winning strategy and on the way you it's possible that you will lose. But that lose can be your reference for your future action on trades so just continue to build your own trading experience.

Day trading would not probably work to beginners in trading actually the people who do it are those who are in trading for a long period of time because they are expert in forecasting which coin has the highest probability of success, for beginners better make first a lot of research and as much as possible get experience from long term holding before starting to do day trading also they can ask help to those people they know who do day trading very well

What is day trading ??? first time hear this. Explain pls. i'm new too

Day trading is a "High Risk, High Return" strategy, my only advice is dont be greedy, set youre goal to minimum, when you get lucky trade DONT ASSUME you get the pattern and go all-in because there is no pattern and youre just lucky.

Trading whether it is during the day or night time is considered High Risk but what is even riskier if you have not closed the trades is sleeping and waking up to see that the value has gone so low that you are running into serious debts.

I always follow these two rules so as not to lose a lot of money:

1- The more money there is in the account, the easier it is to trade. If you lose $10 when you have $1,000 in your account, you will not be particularly upset and will continue as planned. But if there is only $50 in your account, this could be unsettling and lead to mistakes and loss of the entire account. Not to mention the fact that in the first case there are 100 attempts to correct the situation, and in the second - only 4. It's simple arithmetic

2-Determine your maximum losses per day. For example, 15% of your capital. Once you reach the limit, stop trading no matter how "tasty" the situation on the market seems. Even if you think you see the trade of the century! Such premonitions are really mirages.

I have a very different view from you, I believe today is the right time for us to trade. If you watch on https://coinmarketcap.com/ can see the price of bitcoin and other coin is falling very strongly, that is the opportunity for us to buy and trade. Not only bitcoin but also other coin. Due to profit taking from Asian investors before the holiday, I think that in just one month to bitcoin will increase extremely strong.

Strategies are good to make as they help you in future but you have to alter all your previous plans according to the situation you are trapped in but day reading trading is not an easy task especially for newcomers as you require complete knowledge, skills and experience for it which almost every beginner lacks instead you can opt long term investments.Still yoy can buy at the dips but only good coins with great scope and potential in future.

it would be very risky for newcomers to do day trading it would be better for you to trade long-term with you having very good and promising coins. this will give you an advantage and less risk than you do day trading that pose a huge risk to you.

If you really want to day trade start watching @philakonecrypto's videos on youtube and follow him on twitter. He is one of the best teachers out there, you can definitly learn a lot from his tutorials!

Day trading is super hard; you have to be glued to the markets and news, following trends and using technical analysis to make scalps. Even then, a quick change in the market can stop you out on all your investments.

The basic rules of trading buy for lowest price and sell it high price. If you hold right coins for long term you can easily gain profit. Usually i will use blockfolio app. i will set alert as much i expected. If the price reach the expected price you will get a notification. That time you can sell it.

There are multiple day trading strategies. Although the best to one person, may not be the best to others. You may have to find your own "best" trading strategy. Read and watch trading lessons and practce.

Yes, that's absolutely right: day trading isn't for newbies because it is the hardest kind of trading. For the beginning, you need to receive information correctly, learn technical analysis, start trading with a small deposit and in about 2-3 years you can switch to day trading.

You can start by just trying it out with a smaller amount of money. Either that, or make predictions beforehand, and if your predictions are true, then when you feel comfortable, you can actually invest. I like to watch what I'm going to invest in for a fairly long time (weeks-month) before I actually put money into it. You should always make sure that what you're going to put money into is either going to make you money, or it's not going to harm you significantly.

There are lots of sites out there that can help you learn everything you want to know about day trading, including candlesticks chart analysis and a lot more of them. Candlestick is the best chart for trading, I’m very sure that you already knows. If you’re a newbie in trading, anyone who is teaching you is likely to tell you that as the first thing. Day trading is not quite easy, but it’s left for you, you have the choice to make.